DISH Network Corporation (DISH) Position Increased by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC increased its stake in DISH Network Corporation (NASDAQ:DISH) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,601 shares of the company’s stock after purchasing an additional 147 shares during the period. Mutual of America Capital Management LLC’s holdings in DISH Network Corporation were worth $1,732,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its stake in DISH Network Corporation by 16.9% in the 2nd quarter. New York State Common Retirement Fund now owns 1,118,418 shares of the company’s stock worth $70,192,000 after purchasing an additional 161,904 shares in the last quarter. Lucha Capital Management LP acquired a new stake in DISH Network Corporation in the 2nd quarter worth approximately $10,857,000. Thrivent Financial For Lutherans boosted its stake in DISH Network Corporation by 0.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,242,400 shares of the company’s stock worth $77,973,000 after purchasing an additional 10,580 shares in the last quarter. ProShare Advisors LLC boosted its stake in DISH Network Corporation by 16.9% in the 2nd quarter. ProShare Advisors LLC now owns 83,421 shares of the company’s stock worth $5,236,000 after purchasing an additional 12,089 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in DISH Network Corporation by 10.5% in the 2nd quarter. Profund Advisors LLC now owns 20,055 shares of the company’s stock worth $1,259,000 after purchasing an additional 1,908 shares in the last quarter. Institutional investors own 48.93% of the company’s stock.
DISH has been the subject of a number of recent analyst reports. BidaskClub cut shares of DISH Network Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Telsey Advisory Group lowered their target price on shares of DISH Network Corporation from $62.00 to $56.00 and set a “market perform” rating for the company in a research note on Friday, August 4th. Guggenheim reiterated a “neutral” rating and issued a $62.00 target price (down from $68.00) on shares of DISH Network Corporation in a research note on Thursday, August 24th. Citigroup Inc. upgraded shares of DISH Network Corporation from a “sell” rating to a “neutral” rating and set a $54.00 target price for the company in a research note on Friday, September 15th. Finally, Macquarie reiterated a “hold” rating and issued a $68.00 target price on shares of DISH Network Corporation in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $68.18.
In other news, EVP Jeffrey L. Mcschooler sold 785 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $56.61, for a total transaction of $44,438.85. Following the completion of the sale, the executive vice president now owns 165 shares in the company, valued at $9,340.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Roger Lynch sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. Insiders have sold 25,884 shares of company stock valued at $1,543,036 in the last 90 days. Company insiders own 49.30% of the company’s stock.
DISH Network Corporation (DISH) opened at 54.03 on Friday. DISH Network Corporation has a 12-month low of $52.14 and a 12-month high of $66.50. The stock has a market capitalization of $25.18 billion, a price-to-earnings ratio of 25.13 and a beta of 0.99. The stock’s 50 day moving average is $55.13 and its 200 day moving average is $60.99. DISH Network Corporation also was the target of unusually large options trading on Tuesday. Stock traders bought 6,976 call options on the stock. This represents an increase of approximately 505% compared to the typical volume of 1,153 call options.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.67). DISH Network Corporation had a return on equity of 27.88% and a net margin of 7.21%. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the company earned $0.88 EPS. DISH Network Corporation’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts forecast that DISH Network Corporation will post $2.21 EPS for the current fiscal year.
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About DISH Network Corporation
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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